If i work for a company and I am being hired for my expertise on a certain area, and i plan on developing ideas and products which may help the company, do i need to state in a contract that whatever i create is my property and that i can license the company to use the idea, product? The company is telling me that i am an independent contractor, and therefore, i am not under their control and since they dont control me, that the idea i generate continue to stay mine.

If you are an independent contractor, then you will need to have licensing agreement with the company you are dealing with. Without it then you are at risk of loosing your ideas and your property. I also recommend that you file copyrights and trademarks on all IP.

I will be underwriting mortgages and possibly underwriting life insurance. I have an agreement from the company and i need to have it reviewed before i sign it. I am scheduled to see an attorney tomorrow. I'll let you know how it goes.

A typical agreement is outlined below. The headings shown are representative of the kinds of things you should think about (and cover) in a patent license agreement. Your actual agreement may have different headings, more or fewer, and the points mentioned may be covered in different order. It is important only that you give thought to these points, and make certain they're covered somewhere.
_______________________

Do you have a contact/independent contractor agreement between you as the independent contractor and the employer as the principal which says that you retain the property rights to your creation> Or are you providing work for hire services?